Interest on Preoperative Loan Not Part of Fixed Capital Investment Under UPTT 1948, Court Rules for Tax Purposes. https://www.taxtmi.com/highlights?id=17838 UPTT, 1948 - Whether preoperative expenses in the form of payment of interest towards the advance loan taken from the financial institution would form part of additional fixed capital investment (FCI) - Held no - SC en-us Tue, 25 Mar 2014 10:04:25 +0530 Tue, 25 Mar 2014 10:04:25 +0530 TaxTMI RSS Generator Interest on Preoperative Loan Not Part of Fixed Capital Investment Under UPTT 1948, Court Rules for Tax Purposes. https://www.taxtmi.com/highlights?id=17838 UPTT, 1948 - Whether preoperative expenses in the form of payment of interest towards the advance loan taken from the financial institution would form part of additional fixed capital investment (FCI) - Held no - SC Highlights VAT and Sales Tax Tue, 25 Mar 2014 10:04:25 +0530 https://www.taxtmi.com/highlights?id=17838